Fiscal Policy: The Congressional Budget Office says that federal revenues in January added up to $362 billion. That's an increase of $18 billion— or 5.2% — from the year before. As a result, the government ran a surplus of $51 billion that month, which is equal to the previous January.

Fiscal Policy: The Congressional Budget Office says that federal revenues in January added up to $362 billion. That's an increase of $18 billion— or 5.2% — from the year before. As a result, the government ran a surplus of $51 billion that month, which is equal to the previous January.

Cut taxes and revenues go up. It’s so simple yet so hard to explain to democrats.

Click to expand...

Do you even click on your own links?

Wait, weren't the tax cuts supposed to bankrupt the country to benefit the rich? It almost looks like the tax cuts — which took effect in January — are paying for themselves.

That wouldn't be fair, either. As the CBO notes, the new payroll withholding scheduled hadn't fully taken effect in January; companies don't have to update their employee tax withholdings until the middle of this month. When that happens, monthly revenues from individual income taxes will likely slip.

Fiscal Policy: The Congressional Budget Office says that federal revenues in January added up to $362 billion. That's an increase of $18 billion— or 5.2% — from the year before. As a result, the government ran a surplus of $51 billion that month, which is equal to the previous January.

Cut taxes and revenues go up. It’s so simple yet so hard to explain to democrats.

Click to expand...

Do you even read the articles you link to?

Wait, weren't the tax cuts supposed to bankrupt the country to benefit the rich? It almost looks like the tax cuts — which took effect in January — are paying for themselves.

That wouldn't be fair, either. As the CBO notes, the new payroll withholding scheduled hadn't fully taken effect in January; companies don't have to update their employee tax withholdings until the middle of this month. When that happens, monthly revenues from individual income taxes will likely slip.

Click to expand...

This doesn't mean the tax cuts will "pay for themselves." But don't be surprised if revenues come in higher than the CBO had expected. The CBO forecast a measly 2.2% GDP growth for this year, and an even more anemic 1.7% for 2019, when it calculated the impact of the tax cuts. Any tax-cut-fueled economic growth above that will mean more revenues than expected.

Some companies made the tax changes over three weeks ago, although it wasn't required to do so.
So the affects are already on display.
Surely you aren't doubting that tax cuts raise revenue to the treasury?

Remember back when the Democrats tried to sell Obamacare to a skeptical citizenry as health care “reform” that would cost “only” $848 billion—far less than a trillion—over a decade? Indeed, that was the alleged 10-year gross cost of Obamacare’s coverage provisions.

Well, now the CBO is out with a new report on Obamacare’s costs, and—sure enough—its 10-year price-tag now eclipses $2 trillion. To be more exact, the CBO now projects (see Table B-1) that the 10-year gross cost of Obamacare’s coverage provisions will be a cool $2,004,000,000,000.00. http://www.weeklystandard.com/cbo-o...ts-will-now-eclipse-2-trillion/article/778723
CBO’s estimates are so far off a good guess is more accurate.
Obamacare cost almost 2.5 times more their guess. Why anyone even puts any weight in the cbo is beyond me.
You’re right their guess was in the article so was the increase of $18 trillion yoy.

The CBO has been politicized just like everything else nowadays. It should also be shut down, then started over with unbiased people.
Obama weaponized every department within our govt. His one success is how he infiltrated and corrupted every govt. agency.

Useful Searches

About Us

Truckingboards is a private membership only forum but we can't control all the content on the site, If you find objectionable material on Truckingboards, kindly send us a message on the "contact us" link on the bottom right side of the page..